Old Mutual 2014 profits rise 16 percent
LONDON, Feb 27 (Reuters) - Anglo-South African financial services firm Old Mutual (Other OTC: ODMTY - news) said on Friday its operating profit for 2014 rose 16 percent to 1.6 billion pounds ($2.47 billion), just above analysts' expectations.
Adjusted operating pre-tax profits in constant currency terms were forecast at 1.56 billion pounds in a poll provided by the company.
Net client cash flow was 4.9 billion pounds, with funds under management rising 6 percent in constant currency terms, to 319 billion pounds.
The firm said it would pay a final dividend of 6.25 pence per share, with a total dividend of 8.7 pence, in line with forecasts. ($1 = 0.6481 pounds) (Reporting by Carolyn Cohn, editing by Sinead Cruise)